Analysis of latest tungsten market from Chinatungsten Online

Opening this week, tungsten prices in China maintain stability as most insiders are waiting for new round of guide price from large tungsten companies. Affected by the Sino-US economic and trade frictions, market participants are in the cautious sentiment, plus with declined orders from terminal side and the worry for Fanya’s stocks, tungsten concentrate price is under pressure. But the environmental protection inspections still offer support for the weakened market. 

Rare earth market quotation in China: the latest prices of dysprosium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue to be in the upward trend benefiting from stricter environmental checks and reduced imports from foreign countries. Sino-US economic and trade frictions and product tariff adjustments have made the value of domestic rare earth resources more important. Manufacturers seek for higher product prices but limited by thin trading volumes. 

In the second half of May, more and more steel mills gradually issue buy tenders for ferro molybdenum and high production costs supports rised mentality of traders, so molybdenum prices in China stabilize on the whole. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in the downward trend in the week ended on Friday May 17. Smelting factories faced risk of price inversion when the raw material market has difficulty in sales. The terminal market continued its weakness and trading environmental has been unstable recently. The whole tungsten market was caught in heavy wait-and-see atmosphere but got supported from the cost.

Rare earth market quotation in China: medium and heavy rare earths prices continued to rise strongly after the ban of Myanmar mines imports, and the merchants were relatively optimistic about the downstream demand; for praseodymium and neodymium products, the weakness in the demand side resulted in declined prices that hover around at production costs, plus with strong rised mentality boosted by environmental protection checks, most traders now take a watchful stance. 

The molybdenum concentrate, ferro molybdenum and molybdenum powder prices in China remained stable in the week began on Monday May 20. Steel mills are cautious to tenders and have different sentiments with ferro molybdenum manufacturers under the support of the raw material market. Traders are worrying about the foreign trading environment and the confidence in international molybdenum market also is weakening.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are unchanged from the previous trading day due to low trading activity under the pressure from the demand side and unstable external environment. At present, most tungsten product prices are in the downward trend and insiders wait for the new guide prices for the second half of May.

Rare earth market quotation in China: the latest prices of europium oxide, neodymium oxide and dysprosium oxide declined slightly while terbium oxide and praseodymium neodymium oxide prices edged higher compared with last trading day. The decline in light rare earth products mainly owing to weak demand, low trading activity but high production costs. For medium and heavy rare earth products, they were supported by the ban in Myanmar mine imports and strong rised mentality of enterprises. 

China molybdenum prices remained stability in the week ended on Friday May 17 on tightening availability of raw materials and boosted market confidence. However, due to cautious sentiment of buyers, unstable trade environment and declined international molybdenum prices, downstream consumers remained low buying appetite with limited transactions in the market. In the short term, most traders would focus on new round of steel tenders as well as environmental protection. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China maintained stability with the influence of deadlocked supply and demand in the market. Supported by the cost side, low-price raw materials were rarely concluded, plus with weak demand for products, and China-US trade and economic disputes, the low trading activity of downstream will not increase in the short term despite of declining tungsten product prices. Therefore, most insiders remain cautious sentiment at present.